Global Hybrid Electric Vehicle Market 2021-2025

Global Hybrid Electric Vehicle Market 2021-2025

Technavio has been monitoring the hybrid electric vehicle market and it is poised to grow by 11347.27 thousand units during 2021-2025, progressing at a CAGR of 32.83% during the forecast period. Our report on the hybrid electric vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by stringent regulations on emissions and fuel efficiency and subsidies and tax rebates for HEVs to reduce dependency on petroleum products. In addition, stringent regulations on emissions and fuel efficiency is anticipated to boost the growth of the market as well.

The hybrid electric vehicle market analysis includes the degree of hybridization segment and geographic landscape.

Technavio's hybrid electric vehicle market is segmented as below:

By Degree of Hybridization

  • Full HEVs
  • Mild HEVs
  • PHEVs
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • MEA
This study identifies the reduction in Li-ion battery costas one of the prime reasons driving the hybrid electric vehicle market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on hybrid electric vehicle market covers the following areas:
  • Hybrid electric vehicle market sizing
  • Hybrid electric vehicle market forecast
  • Hybrid electric vehicle market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid electric vehicle market vendors that include BMW AG, Daimler AG, Ford Motor Co., Geely Automobile Holdings Ltd., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., and Toyota Motor Corp. Also, the hybrid electric vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis
      • Inputs
      • Inbound logistics
      • Automobile manufacturers
      • Distribution and logistics
      • Marketing and sales
      • Aftermarket and service
      • Industry innovations:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025
      • Table Global - Market size and forecast 2020 - 2025 (thousand units)
      • Table Global market: Year-over-year growth 2020 - 2025 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2020 & 2025
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2020
  • Market Segmentation by Degree of hybridization
    • Market segments
      • Table Degree of hybridization - Market share 2020-2025 (%)
    • Comparison by Degree of hybridization
      • Table Comparison by Degree of hybridization
    • Full HEVs - Market size and forecast 2020-2025
      • Table Full HEVs - Market size and forecast 2020-2025 (thousand units)
      • Table Full HEVs - Year-over-year growth 2020-2025 (%)
    • Mild HEVs - Market size and forecast 2020-2025
      • Table Mild HEVs - Market size and forecast 2020-2025 (thousand units)
      • Table Mild HEVs - Year-over-year growth 2020-2025 (%)
    • PHEVs - Market size and forecast 2020-2025
      • Table PHEVs - Market size and forecast 2020-2025 (thousand units)
      • Table PHEVs - Year-over-year growth 2020-2025 (%)
    • Market opportunity by Degree of hybridization
      • Table Market opportunity by Degree of hybridization
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2020-2025 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2020-2025
      • Table APAC - Market size and forecast 2020-2025 (thousand units)
      • Table APAC - Year-over-year growth 2020-2025 (%)
    • Europe - Market size and forecast 2020-2025
      • Table Europe - Market size and forecast 2020-2025 (thousand units)
      • Table Europe - Year-over-year growth 2020-2025 (%)
    • North America - Market size and forecast 2020-2025
      • Table North America - Market size and forecast 2020-2025 (thousand units)
      • Table North America - Year-over-year growth 2020-2025 (%)
    • South America - Market size and forecast 2020-2025
      • Table South America - Market size and forecast 2020-2025 (thousand units)
      • Table South America - Year-over-year growth 2020-2025 (%)
    • MEA - Market size and forecast 2020-2025
      • Table MEA - Market size and forecast 2020-2025 (thousand units)
      • Table MEA - Year-over-year growth 2020-2025 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (thousand units)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Stringent regulations on emissions and fuel efficiency
      • Subsidies and tax rebates for HEVs to reduce dependency on petroleum products
      • Reduction in Li-ion battery cost
    • Market challenges
      • High total cost of ownership of HEVs
      • Cost-to-weight ratio high for hybrid vehicles than ICE vehicles
      • Range anxiety, battery performance, and replacement schedule issues
        • Table Impact of drivers and challenges
    • Market trends
      • Fuel cell HEVs: Hydrogen as an upcoming alternative fuel
      • High-density, high-power, and small-size Li-ion batteries
      • International ZEV alliance by countries
  • Vendor Landscape
    • Competitive Scenario
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BMW AG
      • Table BMW AG - Overview
      • Table BMW AG - Business segments
      • Table BMW AG - Key news
      • Table BMW AG - Key offerings
      • Table BMW AG - Segment focus
    • Daimler AG
      • Table Daimler AG - Overview
      • Table Daimler AG - Business segments
      • Table Daimler AG - Key news
      • Table Daimler AG - Key offerings
      • Table Daimler AG - Segment focus
    • Ford Motor Co.
      • Table Ford Motor Co. - Overview
      • Table Ford Motor Co. - Business segments
      • Table Ford Motor Co. - Key news
      • Table Ford Motor Co. - Key offerings
      • Table Ford Motor Co. - Segment focus
    • Geely Automobile Holdings Ltd.
      • Table Geely Automobile Holdings Ltd. - Overview
      • Table Geely Automobile Holdings Ltd. - Product and service
      • Table Geely Automobile Holdings Ltd. - Key offerings
    • General Motors Co.
      • Table General Motors Co. - Overview
      • Table General Motors Co. - Business segments
      • Table General Motors Co. - Key news
      • Table General Motors Co. - Key offerings
      • Table General Motors Co. - Segment focus
    • Honda Motor Co. Ltd.
      • Table Honda Motor Co. Ltd. - Overview
      • Table Honda Motor Co. Ltd. - Business segments
      • Table Honda Motor Co. Ltd. - Key news
      • Table Honda Motor Co. Ltd. - Key offerings
      • Table Honda Motor Co. Ltd. - Segment focus
    • Hyundai Motor Co.
      • Table Hyundai Motor Co. - Overview
      • Table Hyundai Motor Co. - Business segments
      • Table Hyundai Motor Co. - Key news
      • Table Hyundai Motor Co. - Key offerings
      • Table Hyundai Motor Co. - Segment focus
    • Mitsubishi Motors Corp.
      • Table Mitsubishi Motors Corp. - Overview
      • Table Mitsubishi Motors Corp. - Business segments
      • Table Mitsubishi Motors Corp. - Key offerings
      • Table Mitsubishi Motors Corp. - Segment focus
    • Nissan Motor Co. Ltd.
      • Table Nissan Motor Co. Ltd. - Overview
      • Table Nissan Motor Co. Ltd. - Business segments
      • Table Nissan Motor Co. Ltd. - Key news
      • Table Nissan Motor Co. Ltd. - Key offerings
      • Table Nissan Motor Co. Ltd. - Segment focus
    • Toyota Motor Corp.
      • Table Toyota Motor Corp. - Overview
      • Table Toyota Motor Corp. - Business segments
      • Table Toyota Motor Corp. - Key news
      • Table Toyota Motor Corp. - Key offerings
      • Table Toyota Motor Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and Caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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